John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Given Consensus Rating of “Buy” by Analysts

Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) have been assigned an average recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $100.00.

A number of research analysts have commented on the company. Wall Street Zen downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Freedom Capital raised John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. BWS Financial reissued a “buy” rating and set a $109.00 target price on shares of John B. Sanfilippo & Son in a report on Friday. Freedom Broker raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating and decreased their price target for the company from $95.00 to $91.00 in a report on Thursday, August 20th. Finally, Weiss Ratings raised shares of John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th.

Institutional Trading of John B. Sanfilippo & Son

Institutional investors and hedge funds have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund boosted its position in John B. Sanfilippo & Son by 4.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 4,907 shares of the company’s stock valued at $389,000 after purchasing an additional 220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in John B. Sanfilippo & Son by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,336 shares of the company’s stock valued at $378,000 after buying an additional 234 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of John B. Sanfilippo & Son by 150.9% during the first quarter. Sound Income Strategies LLC now owns 404 shares of the company’s stock valued at $33,000 after acquiring an additional 243 shares during the period. First Trust Advisors LP grew its position in shares of John B. Sanfilippo & Son by 0.9% during the first quarter. First Trust Advisors LP now owns 29,520 shares of the company’s stock worth $2,342,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of John B. Sanfilippo & Son by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 101,226 shares of the company’s stock worth $8,030,000 after acquiring an additional 282 shares during the period. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Price Performance

JBSS opened at $75.49 on Tuesday. The company has a market capitalization of $882.48 million, a P/E ratio of 14.35 and a beta of 0.32. The company has a 50-day moving average of $83.35 and a 200-day moving average of $80.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.62 and a current ratio of 2.08. John B. Sanfilippo & Son has a 1-year low of $59.07 and a 1-year high of $92.08.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.46). The company had revenue of $280.43 million for the quarter, compared to the consensus estimate of $274.87 million. John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%. Equities analysts expect that John B. Sanfilippo & Son will post 6.57 EPS for the current fiscal year.

John B. Sanfilippo & Son Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s payout ratio is presently 18.06%.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.